12 C.F.R. § 915.15 Minimum number of elective directorships.
Title 12 - Banks and Banking
Under section 7(c) of the Act (12 U.S.C. 1427(c)), the number of elective directorships allocated to members located in each State cannot be less than the number of directorships that were filled by the members from that State on December 31, 1960. The following list sets forth the States whose members held more than one (1) seat on December 31, 1960: [55 FR 1399, Jan. 16, 1990, as amended at 56 FR 55221, Oct. 25, 1991. Redesignated and amended at 63 FR 65692, Nov. 30, 1998; 67 FR 12846, Mar. 20, 2002]
Title 12: Banks and Banking
PART 915—BANK DIRECTOR ELIGIBILITY, APPOINTMENT AND ELECTIONS
§ 915.15 Minimum number of elective directorships.
------------------------------------------------------------------------ No. of elective State directorships on December 31, 1960------------------------------------------------------------------------California.............................................. 3Colorado................................................ 2Illinois................................................ 4Indiana................................................. 5Iowa.................................................... 2Kansas.................................................. 3Kentucky................................................ 2Louisiana............................................... 2Massachusetts........................................... 3Michigan................................................ 3Minnesota............................................... 2Missouri................................................ 2New Jersey.............................................. 4New York................................................ 4Ohio.................................................... 4Oklahoma................................................ 2Pennsylvania............................................ 6Tennessee............................................... 2Texas................................................... 3Wisconsin............................................... 4------------------------------------------------------------------------
